Kakao is trading at 457,000 KRW as of 11:30 AM on the 14th, up 0.55% from the previous day. The trading volume is 396,830 shares, which is 51.08% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.
On January 12, Jaemin Ahn, a researcher at NH Investment & Securities, stated, "Advertising revenue centered on Kakao Biz Board and commerce revenue from Gift and Talk Store are rapidly growing due to the peak season and the impact of COVID-19. Profitability improvements in new businesses such as mobility, webtoons, and pay services are expected to drive performance growth. With notable growth in advertising and commerce revenue, and profitability improvements in mobility, webtoon, and fintech sectors, a significant increase in operating profit is forecasted for 2021." He set Kakao's target price at 570,000 KRW.
Over the past five days, individual investors have net sold 671,305 shares of Kakao, while foreigners and institutions have net bought 719,984 shares and net sold 96,787 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and financial AI specialist Thinkpool.
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